KBC Global Ltd, a Nashik-based real estate and construction company, has announced a significant equity fundraising initiative through its wholly-owned UK subsidiary, Dharan International Limited (DIL). The total proposed capital raise is £69.975 million (approximately ₹793.75 crore), triggering investor interest and pushing the KBC Global share price over 2 per cent in early trade on April 30, 2025.
DIL’s capital raise will be structured in 2 parts. The first comprises £64.175 million through the issuance of 64.175 million equity shares at £1 each to institutional investors in one or more tranches. The second involves £5.8 million via 58 convertible bonds, each valued at £100,000.
Based on an exchange rate of ₹113.45 per GBP, this fundraise will collectively amount to ₹7,937.5 million.
The funds will be exclusively utilised for DIL’s participation in the Buchanan Port Integrated Industrial Development Project in Liberia. The project is being developed in collaboration with the Special Economic Zone Authority of the Republic of Liberia and is positioned as a flagship maritime and logistics hub in West Africa.
This strategic move aims to bolster KBC Global’s global presence and tap into emerging infrastructure opportunities.
According to a company representative, this capital infusion marks a key step in DIL’s international growth strategy. It underlines KBC Global’s commitment to delivering long-term shareholder value by expanding beyond Indian shores through infrastructure-led diversification.
The Liberian SEZ project is expected to unlock sustainable revenue streams and support the company’s medium to long-term financial performance.
On the domestic front, the company is looking to ride the expected revival in Maharashtra’s real estate market post-General Elections. With an existing order book exceeding ₹260 crore, KBC Global is aiming to accelerate project execution and reduce debt.
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Beyond the Buchanan Port project, KBC International Ltd (Ghana), a step-down subsidiary of KBC Infrastructure Ltd UK, has entered into an MoU with the Liberia Special Economic Zone Authority. This involves the construction of residential complexes, low-cost housing, and commercial spaces valued at USD 12.5 million.
The project is set to commence in Q2 2025 and is expected to be completed within three years, making it KBC Global’s second major international order in Liberia.
KBC Global marked its entry into Africa in June 2024 when its subsidiary, Karda International Infrastructure Ltd, secured a $20 million civil engineering subcontract from CRJE (East Africa) Ltd—a unit of China Railway Construction Group. The contract, focused on soft infrastructure, firmly established KBC’s footprint in the African construction landscape.
Founded in 2007, KBC Global Ltd has a diversified portfolio of residential, commercial, and contract development projects, primarily in Nashik. Its notable projects include Hari Gokuldham, Hari Nakshtra-II, and Eastext Township. The company’s recent international forays and capital mobilisation efforts reflect its ambition to emerge as a global infrastructure player.
The strategic fundraising by KBC Global’s UK arm signals the company’s growing ambitions in global infrastructure. With key projects underway in Africa, it aims to strengthen both its international presence and financial footing.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 30, 2025, 1:21 PM IST
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